9 EMA First Full Candle Entry + EMA Cross Exit (Strategy) by myttthew
By myttthew
Performance Metrics
- Author: myttthew
- Symbol: AMEX:SPY
- Timeframe: 1 minute
- Net P&L: −23.86 USD (0.00%)
- Win Rate: 27.0%
- Profit Factor: 0.87
- Max Drawdown: 32.83 USD (0.00%)
- Total Trades: 1,276
Description
This strategy is designed to create a simple, mechanical trading system using only the 9 EMA on the 5-minute chart.Entry LogicA trade is entered on the first candle that closes completely on one side of the 9 EMA:Long entry: the candle’s low is above the 9 EMAShort entry: the candle’s high is below the 9 EMAOnly the first qualifying candle is used, preventing repeated entries during the same move.Exit LogicOnce in a trade, the position is closed when price crosses back through the 9 EMA:Long exits when price crosses below the EMAShort exits when price crosses above the EMAOn the exit candle, the 9 EMA is highlighted yellow to clearly mark the exit point.Visual CuesEntry candle is colored yellowEMA is normally orange and turns yellow on the exit candle onlyNo background shading, labels, or extra indicatorsPurposeThis strategy is built to minimize decisions by:Using a single timeframe (5-minute)Using a single indicator (9 EMA)Defining objective entry and exit rulesDesigned for:SPY and other highly liquid ETFsIntraday trend continuationClean, rules-based execution with minimal discretionBest performance is typically seen during strong trend periods and reduced during sideways or low-volatility conditions.